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Avalon Crossing Shopping Center 3 Retail Properties in Indianapolis, IN
INVESTMENT HIGHLIGHTS
- Three-building, 82,847 SF center with stabilized cash flow, supported by tenants averaging over nine years of occupancy
- Two well-located vacancies totaling 6,105 SF (1,600 SF and 4,505 SF) offer near-term upside potential in a strong retail corridor
- Strong mix of local, regional, and national brands driving consistent traffic, including Entenmann’s and The Pearl
- Positioned on Binford Boulevard with direct access to I-69 and I-465, ensuring visibility and accessibility across the Indianapolis MSA
EXECUTIVE SUMMARY
Colliers has been retained as the exclusive advisor for the sale of Avalon Crossing Shopping Center located at 6935 Lake Plaza Drive in Indianapolis, Indiana (“The Property”).
Avalon Crossing Shopping Center is an 82,847 SF, three-building neighborhood center located at Binford Boulevard and 71st Street in Indianapolis. Currently 93% leased to 18 tenants with a WALT of 3.43 years, the asset provides stable in-place cash flow. With two vacancies totaling 6,105 SF, investors have a near-term value-add opportunity. The center benefits from strong visibility along Binford Boulevard (34,000 vehicles per day), direct connectionto I-69, and a dense, affluent trade area with nearly 63,000 residents within three miles.
Avalon Crossing Shopping Center is an 82,847 SF, three-building neighborhood center located at Binford Boulevard and 71st Street in Indianapolis. Currently 93% leased to 18 tenants with a WALT of 3.43 years, the asset provides stable in-place cash flow. With two vacancies totaling 6,105 SF, investors have a near-term value-add opportunity. The center benefits from strong visibility along Binford Boulevard (34,000 vehicles per day), direct connectionto I-69, and a dense, affluent trade area with nearly 63,000 residents within three miles.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 83,535 SF |
| Number of Properties | 3 | Total Land Area | 8.67 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 83,535 SF |
| Total Land Area | 8.67 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Avalon Crossing
6935 Lake Plaza Dr, Indianapolis, IN 46220 |
Retail | 74,518 SF | 1976 | - |
| 7002 Lake Plaza Dr, Indianapolis, IN 46220 | Retail | 7,217 SF | 1976 | - |
|
Starbucks
6920 Lake Plaza Dr, Indianapolis, IN 46220 |
Retail | 1,800 SF | 1976 | - |
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Avalon Crossing Shopping Center
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